In a Wednesday interview with CNCB's Jim Cramer, Sempra CEO Jeffrey Martin described why he thinks the U.S.'s energy production capabilities are essential for the country to sustain an edge in technological advances. "The critical success factor is, are we prepared to invest the capital to ramp up electricity production and expand and modernize the grid?" According to Martin, Sempra is well-positioned because of its market share in states like California and Texas. He said the company has a large LNG export facility and two more currently under construction. President Joe Biden in January paused approval for new LNG export projects, but the oil and gas industry largely expects President-elect Donald Trump to greenlight such efforts.

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Persons: CNCB's Jim Cramer, Jeffrey Martin, Martin, Sempra, he's, Joe Biden, Donald Trump Locations: America, California, Texas